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The Effective Rate in Dollars has risen from 2.29% to 2.33%, while the Passive Base Rate fell from 6.1 to 5.95%.

The Central Bank of Costa Rica published on the afternoon of Wednesday, March 7 news that after a rise in the last few weeks, the Passive Base Rate registered a reduction of 0.15%, and will remain at 5.95% until Wednesday, March 14th.[GRAFICA caption = "Click to interact with graph"]

If the reforms to the Banking Law that are being discussed in the Congress are approved, cooperatives will have to start reporting information in their loan portfolios.

Legal initiative number 5157which is pending final approval, proposes, among other changes, including in the Credit Registration Information System (SIRC by its initials in Spanish) information from financial institutions that are not yet sending reports.

The union of builders is proposing creating an insured mortgage fund, to provide financing for those who can not meet the requirements demanded by banks.

The Chamber of Developers of Nicaragua (Cadur) announced that the fund could start with an initial seed capital of $5 million.The objective of the fund is to finance the purchase of new homes, and to facilitate access to financing for workers in the informal sector or clients that receive remittances from abroad.

For six-month term savings in colones, the Central Bank in Costa Rica is offering a return of 8.10%, a rate that is higher than that available at commercial banks.

In order to attract money from savers in colones in six months terms, the rates currently offered by financial institutions are 8.10% in the case of the Central Bank (Banco Central), 6.85% at Banco Nacional, 6.75% at Banco de Costa Rica and 6.40% in Promérica.

In response to a request put forward by the banking association, the government has decided to eliminate from the banking modernization bill the proposal to modify the banking license scheme.

The initial proposal by the Executive Power was to replace the current system of bankinglicenses with another with a single license, and the regulator would supervise each bank depending on the type of activity.

In 2017, the amount of electronic payment services provided totaled $40.510 billion, which represented about three times the value of Nicaraguan GDP.

In 2017 the value of transactions increased by 15.6% with respect to 2016, behavior explained mainly by a greater dynamism in the operations of the Automated Clearing House (ACH), as these grew by 198%, while BCN operations did so by 7.8%.

The Passive Base Rate went up from 6% to 6.10%, while the Effective Rate in Dollars rose slightly from 2.28% to 2.29%.

The Central Bank of Costa Rica published on the afternoon of Wednesday, March 28, news that after registering a decline last week, the Passive Base Rate rose 0.10%, and the level at which it will remain until Wednesday, March 7 is 6.10%.[GRAFICA caption = "Click to interact with graph"]

In an environment with a complex investment climate, between 2016 and 2017, credit to the private sector in Guatemala grew by 4%, less than the 6% registered between 2015 and 2016.

Authorities at the Bank of Guatemala (Banguat) reported that the recent judicial decisions on mining and hydroelectric projects have become the main factors that explain the environment of uncertainty that is affecting the country.

Over the past year, the gross portfolio of the financial system totaled $5.323 billion, 14% more than in 2016, explained in part by the performance of commercial credit.

Regarding the activities financed, the Central Bank of Nicaragua (BCN) reported that at the end of 2017 "... commercial credit and personal loans remained the most representative, with both sectors adding up to 55.4 percent of the total portfolio. These sectors showed year-on-year growth of 10.6 and 12.1 percent, respectively."

The Agricultural Development Bank has $14 million to use for financing the purchase of livestock and bulls created through artificial insemination, with an interest rate of 2%, a term of 15 years and with collateral.

The Ministry of Agricultural Development (MIDA) reported that the goal of this financing is to repopulate male and female livestocks, and also seeks "... to ensure that livestock acquired through soft loans, by state banks are in excellent reproductive conditions in the case of males and in terms of gestation for females."

The Central Bank of Costa Rica published on the afternoon of Wednesday, February 21, news that after the increase registered the previous week, the Passive Base Rate returned to the level reported two weeks ago, and will remain at 6% until next Wednesday, February 28.[GRAFICA caption = "Click to interact with graph"]

The Passive Base Rate has gone up from 6% to 6.05%, while the Effective Rate in Dollars rose from 2.23% to 2.30%.

The Central Bank of Costa Rica published on the afternoon of Wednesday, February 14, news that after registering a decline last week, the Passive Base Rate went up 0.05%, and the level in which it will remainuntil next Wednesday, February 21 is 6.05%. [GRAFICA caption = "Click to interact with graph"]

At the end of 2017, the assets reported by these entities decreased by 4% compared to 2016, and profits were reduced by 1% in the same period.

The political uncertainty generated by the cases of corruption revealed during the course of the year, added to the unfavorable performance of the economy, explained part of the results on offshore banking in Guatemala.

The new law on security interests promises small and medium-sized companies quick access to credit lines, as it simplifies procedures for constituting and executing guarantees.

Last week the Congress of the Republic,approved amendments to the Law on Secured Transactionsthat has existed since 2007 to facilitate access to bank loans. With the modifications, any transaction that has the effect of guaranteeing an obligation of the debtor with the creditor is typified as a security interest.

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